Sandhill Capital Partners LLC Sells 38,860 Shares of Amphenol Co. (NYSE:APH)

Sandhill Capital Partners LLC lowered its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 581,800 shares of the electronics maker's stock after selling 38,860 shares during the quarter. Amphenol accounts for approximately 3.2% of Sandhill Capital Partners LLC's investment portfolio, making the stock its 15th largest position. Sandhill Capital Partners LLC's holdings in Amphenol were worth $40,406,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc boosted its position in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Amphenol during the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter worth approximately $28,000. Rakuten Securities Inc. boosted its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol during the fourth quarter valued at approximately $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

APH traded up $1.26 on Friday, hitting $65.39. The company had a trading volume of 6,469,069 shares, compared to its average volume of 7,409,492. The stock has a market cap of $79.23 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company's fifty day moving average price is $65.88 and its 200 day moving average price is $68.71. Amphenol Co. has a 1-year low of $54.72 and a 1-year high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to analysts' expectations of $4.05 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Amphenol's revenue for the quarter was up 29.8% on a year-over-year basis. Equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Amphenol's dividend payout ratio is currently 34.55%.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of research analyst reports. Bank of America increased their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Robert W. Baird boosted their target price on Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Citigroup lifted their price target on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a report on Friday, January 17th. Finally, UBS Group dropped their price objective on Amphenol from $90.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $80.60.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.